Fund Designated Secured-Transmission Method Sample Clauses
The 'Fund Designated Secured-Transmission Method' clause defines the specific, secure method by which funds must be transmitted between parties under the agreement. Typically, this involves specifying approved electronic transfer systems, such as wire transfers through designated banks or secure payment platforms, and may require the use of encryption or authentication protocols to protect the transaction. By clearly outlining the acceptable transmission method, this clause ensures the security of financial transfers and reduces the risk of fraud or misdirected payments.
Fund Designated Secured-Transmission Method. Instructions may be transmitted through a secured or tested electro-mechanical means identified by the Fund or by an Authorized Person entitled to give Instruction and acknowledged and accepted by the Custodian, it being understood that such acknowledgment shall authorize the Custodian to accept such means of delivery but shall not represent a judgment by the Custodian as to the reasonableness or security of the means utilized by the Authorized Person.
Fund Designated Secured-Transmission Method. Instruc- tions may be transmitted through a secured or tested electro-mechanical means identified by the Fund or by an Authorized Person entitled to give Instruction and acknowledged and accepted by the Custodian; it being understood that such acknowledgment shall authorize the Custodian to receive and process such means of delivery but shall not represent a judgment by the Custodian as to the reasonableness or security of the method determined by the Authorized Person (unless such method is a product proprietary to the Custodian and offered to the Fund by the Custodian).